19 Jul 2022 02:34 PM
New

GST and inflation protest stalls Parliament, opposition demands discussion

Source: https://www.livemint.com/news/india/gst-and-inflation-protest-stalls-parliament-opposition-demands-discussion-11658211576190.html

Opposition was seen cornering the government over GST and inflation on the second day of the monsoon session as well with Rahul Gandhi protesting at Parliament along with other Congress MPs inclduing Leader of Opposition in Rajya Sabha Mallikarjun Kharge, KC Venugopal, Adhir Ranjan Chowdhury, and Shiv Sena MP Priyanka Chaturvedi.

19 Jul 2022 05:16 PM
New

No GST will be levied on these 14 items when sold loose: FM Sitharaman

Source: https://www.livemint.com/news/india/no-gst-will-be-levied-on-these-14-items-when-sold-loose-fm-sitharaman-11658223244323.html

Union Finance Minister Nirmala Sitharaman on Tuesday released a list of items that will not attract any GST, when sold loose, and not pre-packed or pre-labeled.

19 Jul 2022 05:56 PM
New

GST on pre-packed food items: Sitharaman says Council unanimously decided tax

Source: https://www.livemint.com/news/india/gst-council-unanimously-decided-on-taxation-of-pre-packed-food-items-says-fm-11658231592078.html

New Delhi: Finance minister Nirmala Sitharaman on Tuesday defended the imposition of 5% Goods and Services Tax (GST) on food articles such as cereals, rice, flour and curd which are pre-packaged and labelled, saying it was a unanimous decision of the GST Council last month in which even non-BJP ruled states were also present.

18 Jul 2022 02:04 PM

Watch for this week: Presidential polls, IT results

Source: https://www.livemint.com/science/news/watch-for-this-week-presidential-polls-11658057420154.html

Every Monday, Mint’s Plain Facts section features key data releases and events to look for in the coming week. India is set to get its 15th president this week as Ram Nath Kovind, the incumbent, soon completes his five-year tenure. Several revisions in tax rates by the Goods and Services Tax (GST) Council will come into effect this week. Consumer goods giant Hindustan Unilever Ltd (HUL) and information technology (IT) companies Wipro Ltd and Infosys Ltd will release their quarterly earnings reports.

18 Jul 2022 02:19 PM

Key GST rate changes kick in from today

Source: https://www.livemint.com/elections/key-gst-rate-changes-kick-in-from-monday-11658066512198.html

NEW DELHI : Products like pre-packaged and labelled food items and services like expensive non-intensive care hospital stay are set to attract Goods and Services Tax (GST) from today while the tax outgo on certain medical supplies and transport services are set to come down as a series of decisions by the GST Council takes effect.

18 Jul 2022 02:26 PM

CAIT to launch nationwide agitation demanding simplification of GST

Source: https://www.livemint.com/economy/cait-to-launch-nationwide-agitation-demanding-simplification-of-gst-11658066945481.html

The Confederation of All India Traders (CAIT) on Sunday said that it would launch a nationwide agitation from July 26 demanding rationalization of GST rates on grounds that it is causing an adverse impact on trade and commerce.

18 Jul 2022 02:39 PM

Pre-packed, labelled pulses, flour to attract 5% GST from tomorrow, clarifies govt

Source: https://www.livemint.com/news/india/prepacked-labelled-pulses-flour-to-attract-5-gst-from-tomorrow-clarifies-govt-11658080750589.html

The Central Board of Indirect Taxes and Customs on Sunday said single packages of food items like cereals, pulses and flour weighing up to 25 kg will be considered as 'prepackaged and labelled', and liable to five per cent GST from July 18.

18 Jul 2022 02:46 PM

New GST rates from today: Know what gets cheaper and dearer. Full list here

Source: https://www.livemint.com/news/india/new-gst-rates-from-today-know-what-gets-cheaper-and-dearer-full-list-11658102063632.html

New GST rates from today: Customers will have to pay more on certain products and services from today as a series of decisions by the GST Council takes effect. Certain items are set to attract Goods and Services Tax (GST) while the tax outgo on certain things are set to come down as a series of decisions by the GST Council takes effect.

18 Jul 2022 02:50 PM

Shashi Tharoor slams GST rate hike, says, ‘Aam Aadmi to bear the brunt’

Source: https://www.livemint.com/news/india/shashi-tharoor-slams-gst-rate-hike-says-aam-aadmi-to-bear-the-brunt-11658117332363.html

Congress leader Shashi Tharoor has slammed the government over GST rate hike. The decision to hike GST on some items were taken in the recently held 47th GST Council meeting in Chandigarh. Taking to Twitter, the Congress leader said," This GST rate hike is breathtakingly irresponsible at a time of mounting economic difficulties for most Indians. The Aam Aadmi will bear the brunt of the burden even as inflation eats into his earnings. Does this government believe it can get away with anything?"

18 Jul 2022 02:56 PM

Large packages of food material to not attract 5% GST: CBIC

Source: https://www.livemint.com/news/india/large-packages-of-food-material-to-not-attract-5-gst-cbic-11658130503817.html

NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has clarified that large packages of food items like pulses, cereals, rice, and wheat weighing more than 25 kilograms or containing more than 25 litres of a commodity will not attract the 5% goods and services tax (GST) that pre-packaged and labeled items will attract from Monday.